MDJM LTD Announces Appointment of William Wang as Director for its Cultural Business Development in England

Rhea-AI Summary

MDJM (Nasdaq: MDJH), a global culture-driven asset management company, has appointed William Bo Wang as a board member and Director of its UK subsidiary, Mansions Catering and Hotel Wang's extensive background in education and cultural exchange is expected to enhance MDJM's cultural business development in England, particularly through educational activities and projects. His expertise includes:

- Strong networks with UK educational institutions
- Fluency in Mandarin, English, and Cantonese
- Experience in international educational collaboration
- Membership in the Chinese Institute of Certified Public Accountants

Wang will focus on integrating educational aspects into MDJM's cultural projects, including enhancing the appeal of renovated properties like Fernie Castle and Robin Hill Hotel as platforms for cultural exhibitions and exchanges.

Positive

• Appointment of William Wang brings expertise in education and cultural exchange to enhance MDJM's business development
• Wang's extensive network in UK educational institutions may facilitate new business opportunities
• Integration of educational aspects into cultural projects could increase appeal of MDJM's historical properties
• Wang's multilingual skills (Mandarin, English, Cantonese) may improve international communication and business expansion

Negative

• None.

LETHAM, Scotland, Aug. 28, 2024 /PRNewswire/ -- MDJM LTD (Nasdaq: MDJH) (the "Company" or "MDJM"), an integrated global culture-driven asset management company, today announced the appointment of William Bo Wang as a board member and Director of its wholly owned subsidiary, MANSIONS CATERING AND HOTEL LTD ("Mansions"), a United Kingdom company. Mr. Wang's extensive background in education is expected to further MDJM's commitment to expanding its cultural business development through educational activities and projects, while enhancing its presence in the UK market.

Mr. Wang brings a wealth of experience from the education and cultural exchange sectors. Over the years, he has built strong networks and expertise in working with UK schools, colleges, universities, and educational institutions, gaining a deep understanding of both the UK and international education sectors. Fluent in Mandarin, English, and Cantonese, it is anticipated that Mr. Wang will be well-positioned to foster cultural exchanges. His career in education spans decades, beginning with his first school venture in Chongqing in 2003 and at a bilingual kindergarten in Beijing in 2005. At the Specialist Schools and Academies Trust (SSAT), a UK non-profit educational organization, Mr. Wang led international educational collaboration and exchanges between China and the UK, facilitating teacher and leadership training programs for several Chinese government departments and institutions since 2009. Additionally, Mr. Wang is a member of the Chinese Institute of Certified Public Accountants and has held roles as an auditor with Arthur Andersen LLP and as financial controller for several multinational companies.

In his role as Director of Mansions, Mr. Wang will be responsible for leading the strategic development of MDJM's cultural initiatives in England, focusing on integrating educational aspects into the Company's cultural projects. He is expected to provide guidance to enhance the appeal of the Company's renovated historical properties, Fernie Castle and Robin Hill Hotel, as platforms for cultural exhibitions, exchanges, and communication. Leveraging his extensive experience in education, it is anticipated that Mr. Wang  will contribute to the design and implementation of programs centered on cultural exhibitions, lectures, and exchange activities.

"We are excited to welcome William Wang to our team," said Mr. Siping Xu, Chairman and Chief Executive Officer of MDJM. "William's extensive experience in education, coupled with his understanding of the UK and international markets, makes him uniquely qualified to lead our cultural business development in England. We anticipate his ability to create impactful educational programs  will lend itself significantly to expanding the appeal of our historical properties. This appointment is another step in our strategy to expand our cultural portfolio and enhance the educational value of our projects, ultimately aiming to bring new opportunities and value to our shareholders."

About MDJM LTD

MDJM LTD is a global culture-driven asset management company focused on transforming historical properties into cultural hubs that blend modern digital technology with rich historical value. The Company is actively expanding its operations in the UK, where it is developing projects such as Fernie Castle in Scotland and the Robin Hill Property in England. These properties are being remodeled into multi-functional cultural venues that will feature fine dining, hospitality services, art exhibitions, and cultural exchange events. As part of its broader strategy, MDJM is positioning itself as a hub for artisan exchanges, art shows, and sales, leveraging its historical properties as platforms for promoting Eastern and Western cultural exchanges. This initiative reflects the Company's commitment to furthering its global market expansion and enhancing its cultural business footprint. For more information regarding the Company, please visit http://ir.mdjmjh.com. 

Forward-Looking Statements

This announcement contains forward-looking statements. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's annual report on Form 20-F and its other filings with the U.S. Securities and Exchange Commission.

Investor Contact:

Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386

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SOURCE MDJM LTD

FAQ

What is the recent appointment announced by MDJM (MDJH)?

MDJM (MDJH) announced the appointment of William Bo Wang as a board member and Director of its UK subsidiary, Mansions Catering and Hotel , on August 28, 2024.

What is William Wang's role in MDJM (MDJH)?

William Wang will be responsible for leading the strategic development of MDJM's cultural initiatives in England, focusing on integrating educational aspects into the Company's cultural projects and enhancing the appeal of its historical properties.

How does William Wang's background align with MDJM 's (MDJH) goals?

William Wang's extensive experience in education and cultural exchange aligns with MDJM's commitment to expanding its cultural business development through educational activities and projects, while enhancing its presence in the UK market.

What properties does MDJM (MDJH) plan to enhance with cultural and educational programs?

MDJM plans to enhance the appeal of its renovated historical properties, Fernie Castle and Robin Hill Hotel, as platforms for cultural exhibitions, exchanges, and communication under William Wang's guidance.